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Freeholder charges for extension

04-06-2015, 20:23 PM

Hi,
I have asked my freeholder (via their management company) for permission to build a one story extension to my flat - area of the new extension will be approximately 14 square metres.
I received a reply stating the freeholder was prepared to grant consent based on the following conditions:

1. You must gain full planning consent and building regulation approval. All the costs in respect of same are to be your responsibility.

2. Consent will be provided upon the existing lease being surrendered and a granting of a new one on exactly the same terms with a revised lease plan. The costs of preparation of a new lease plan will be your responsibility.

3. All legal costs involved are to be your responsibility. I assess them to be £750 + VAT.

4. My fees in this matter to be your responsibility which are £450 + VAT.

5. A premium of £2,500 subject to contract is required.

I estimate this to be roughly around £4,500 - does this seem reasonable to you?

Comment

I expect that somewhere in your lease there is a clause entitling the FH to a proportion of the profit of any uplift in value of alterations you make to the demised property. That's where the £2.5k comes from. The clause may state 50% of the value. Read your lease.

Depending where you are would effect the amount.

Simply put. If the extension costs £10k for everything (inc paperwork). If as a reuslt of the works property is worth £20k more then you've made £10k profit. If there was a clause I mentioned above in your lease then the FH would be entitled to half of the £10k profit, so £5k.

There is always scope for misinterpretation.

If my posts can be interpreted in two ways, one that makes you feel angry and one that doesn't, I meant the latter.

Get some plans drawn up and stick them in is the only way to find out. There are too many variables for anyone unfamiliar with the site to give an opinion.
But if you come up with something sympathetic to the neighbourhood and the neighbours don't object then it could easily be waved through by...

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